Question

Jaleia borrows $1500 from the bank. To pay back the loan this year, she will pay the bank the amount she borrowed plus 12% simple interest. Jaleia wants to know the total amount she will pay back

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Answer 1

1680

Explanation:

180 as simple interest 1680 as total amount to pay back

Answer 2

$1860

Explanation:

12% of 1500 = 180

180 x 2 = 360

1500 + 360=1860